GKN is looking at further car component acquisitions. This raises the prospect of a three-way merger with Vickers and Alvis to produce a stronger British business making armoured defence vehicles. GKN announced an 11.3% rise in first-half pre-tax profits to £181m.
Chairman Sir David Lees indicated the company was looking at “one or two” acquisition possibilities in the automotive business which could involve an outlay of around £100m each. The deals are part of a GKN programme involving “bolt-on” additions and joint ventures.
- The Daily Telegraph 8/8/96 page 23, page 25 (Questor)
- Financial Times 8/8/96 page 18 (Lex), page 19
- The Times 8/8/96 page 25, page 26 (Tempus)
- The Guardian 8/8/96 page 18
- The Independent 8/8/96 page 16 (The Investment Column), page 17
